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Aug 18 - 02:55 AM

AUD/USD - Rises Third Day, Sidesteps China Wine-Dumping Probe

By Ewen Chew  —  Aug 18 - 12:55 AM
  • AUD/USD up third day after Monday re-entry into uptrend

  • Intermediate goal of channel ceiling at 0.7235 close by

  • Floor of Bollinger uptrend channel now supports at 0.7200

  • Chart base reinforces psychological barrier, encouraging bulls

  • China probing alleged dumping of Australia wine nL4N2FK0DO

  • Shares of Treasury Wine slump, but AUD barely affected nL4N2FK11C

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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